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    2705 W Lincoln Street

    Banning, CA 92220
    • $550,000
    • STATUS: Active
    • ON SITE: 173 days
    • ID#: IG21020809
    UPDATED: 59 min ago
    $550,000
    • 0
      BEDS
    • 1.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,358
      SQFT
    • $233
      $/SQFT
    Type:
    Commercial
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Attn Investors!!! Unique Opportunity, Multi Family, Zoned General Commercial. Two homes on 1.58 acres. Two separate addresses, 1 lot. Currently Tenant Occupied. Live in one, rent the other or use as General Commercial. Three large storage containers, permitted on foundations which add another 960 square feet of usage and are currently rented for $100 ea per mo. Homes have been updated in 2013 and ready to move in. One home has been divided for two fully contained living areas 2/1 and 1/1 Can be converted back to a 3/2. Second home is 1/1 built in 1958. Homes are fenced with storage, yards, fruit trees. Keep as current use or add your commercial usage, verified with City of Banning. Conveniently located to Freeway for commuters. Close to Schools, Outlet Mall, Morongo Casino and Palm Springs!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-25T19:29:12.72. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/113820918
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    2705 W Lincoln Street Banning, CA 92220

    • Price: $550,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: IG21020809
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.58
    Acres
    2,358
    SQFT
    $233
    $/SQFT
    1947
    Built
    Neighborhood:
    263 - Banning/Beaumont/Cherry Valley
    County:
    Riverside
    Area:
    263 - Banning/Beaumont/Cherry Valley
    Property Description
    Attn Investors!!! Unique Opportunity, Multi Family, Zoned General Commercial. Two homes on 1.58 acres. Two separate addresses, 1 lot. Currently Tenant Occupied. Live in one, rent the other or use as General Commercial. Three large storage containers, permitted on foundations which add another 960 square feet of usage and are currently rented for $100 ea per mo. Homes have been updated in 2013 and ready to move in. One home has been divided for two fully contained living areas 2/1 and 1/1 Can be converted back to a 3/2. Second home is 1/1 built in 1958. Homes are fenced with storage, yards, fruit trees. Keep as current use or add your commercial usage, verified with City of Banning. Conveniently located to Freeway for commuters. Close to Schools, Outlet Mall, Morongo Casino and Palm Springs!
    Exterior Features

    Construction Materials Drywall Entry Level 1 Fencing BlockChain LinkWood Lot Features 2-5 Units/AcreBack YardFront YardLot Over 40000 SqftLandscapedStreet Level Roof Composition Sign On Property YN Yes

    Interior Features

    Cooling Evaporative Cooling Cooling YN Yes Heating CentralWall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Common Interest None Electric Standard Electric Expense 2002 Gross Scheduled Income 37800 Inclusions 3 Storage Containers On Permanent Foundation Insurance Expense 1290 Land Lease YN No Laundry Features Laundry Room Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 25340 Number Of Units Leased 3 Operating Expense 9301 Property Sub Type Multi Family Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Special Listing Conditions Standard Tax Annual Amount 2039 Tax Year 2020 Trash Expense 254 Utilities Electricity Connected Water Sewer Expense 1036 Water Source Public

    Listing provided courtesy of Janet Laprade of Realty Benefit


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-25T19:29:12.72. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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